ON Semiconductor (ON) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q EPS/Revenues Guidance Above Consensus
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ON Semiconductor Reports First Quarter 2021 Results
May 3, 2021 8:00 AM EDTPHOENIX, Ariz.--(BUSINESS WIRE)-- ON Semiconductor Corporation (Nasdaq: ON) today announced results for the first quarter of 2021 with following highlights:
Revenue of $1,481.7 million increased 16 percent year-over-year GAAP diluted earnings per share of $0.20 as compared to $(0.03) in the quarter a year ago Non-GAAP diluted earnings per share of $0.35 as compared to $0.10 in the quarter a year ago GAAP and non-GAAP gross margin of 35.2 percent increased 80 basis points quarter-over-quarter and 370 basis points year-over-year Cash provided by operating activities of $218.5 million as compared to... More